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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: StandX against OKX+0.027%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on OKXShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.027%, 7d avg −0.005%
Together, before fees−0.003%+ Points / potential airdropStandX: Active · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.032% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP86,094.20.0100pay 0.0100% / 8h7h 05m$2.56B$12.40B100x
ShortStandX BTC-USD86,117.10.0100get 0.0013% / 1h5m 22s$30.6M$207.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.027% → −0.005%
$3.18
Slippage, 4 orders
−$2.92
Fee OKX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$17.74
Costs to cover
0.209%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; StandX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$506.0 bp −$5987.2 bp −$3,612
Sell StandX live order book, 4 min ago1.45 bp5.5 bp −$56.3 bp −$637.7 bp −$76910.4 bp −$5,190

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0129%1h86,215+0.140%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,090−0.005%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,075.2−0.022%$363K$2.3M50xas long as short
Perpl BTC0.0000%43m86,110+0.018%$580K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,098.5+0.005%$36.8M—200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.315%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0024%1h86,108.9+0.017%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0031%8h86,078.9−0.018%$499.1M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0043%8h86,078.1−0.019%$827.4M$715.6M125xas long as short
Reya BTCRUSDPERP+0.0050%1h86,069.7−0.028%$6.7M$145.8M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0052%1h86,084.8−0.011%$8.2M$42.4M25xas long as short
BingX BTC-USDT+0.0053%8h86,085.7−0.010%—$1.57B—as long as short
HTX BTC-USDT+0.0059%8h86,059−0.041%$2.28B$957.9M200xas long as short
Bitget BTCUSDT+0.0066%8h86,076−0.021%$2.96B$5.05B150xas long as short
SoDEX BTC-USD+0.0070%1h86,076−0.021%$60.3M$338.3M40xas long as short
Bluefin BTC-PERP+0.0076%1h86,106.8+0.015%$144K$666K40xas long as short
Aevo BTC-PERP+0.0080%1h86,066.4−0.032%$2.5M$1.8M20xas long as short
MEXC BTC_USDT+0.0083%8h86,076−0.021%$5.11B$5.77B500xas long as short
Binance BTCUSDT+0.0083%8h86,077.2−0.020%$9.37B$24.23B150xas long as short
Phemex BTCUSDT+0.0086%8h86,070−0.028%$155.3M$473.4M150xas long as short
Gate BTC_USDT+0.0090%8h86,086.4−0.009%$5.77B$10.67B200xas long as short
Lighter BTC+0.0096%1h86,097.3+0.004%$170.0M$994.9M50xas long as short
Lighter RH BTC+0.0096%1h86,098+0.004%$23.5M$152.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,080−0.016%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,056−0.044%$199K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,106.6+0.014%$4.2M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,081.5−0.015%$22.0M$225.2M50xas long as short
Hyperliquid BTC+0.0100%1h86,150+0.065%$3.77B$4.96B40xas long as short
Pacifica BTC+0.0100%1h86,118.5+0.028%$40.8M$560.8M50xas long as short
Bybit BTCUSDT+0.0100%8h86,086−0.009%$5.24B$9.64B150xas long as short
OKX BTC-USDT-SWAPlong+0.0100%8h86,094.2long leg$2.56B$12.40B100x
Ondo Perps BTC-USD.P+0.0100%1h86,104+0.011%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h86,099+0.006%$7.2M$95.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,075.4−0.022%$35.5M$161.7M75xas long as short
Variational Omni BTC+0.0100%8h86,079.3−0.017%$156.4M$555.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,114.1+0.023%$278.1M$940.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,175.4+0.094%$216.3M$165.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,194.2+0.116%$141.1M$320.0M100xas long as short
StandX BTC-USDshort+0.0100%1h86,117.1+0.027%$30.6M$207.0M40x
Vest BTC-PERP+0.0100%1h86,127.1+0.038%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,080−0.016%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,077.8−0.019%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,073.4−0.024%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,090.9−0.004%$30.2M$57.0M15xas long as short
SunX BTC-USDT+0.0100%8h86,055.4−0.045%$3.3M$5.4M100xas long as short
Bulk BTC-USD+0.0100%1h86,141.5+0.055%$581.0M$76.4M40xas long as short
Extended BTC-USD+0.0104%1h86,054.7−0.046%$45.9M$222.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,105+0.013%—$99.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,103.7+0.011%$132.4M$5.27B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,108+0.016%$190.3M$953.6M100xas long as short
Hibachi BTC/USDT-P+0.0136%1h86,112.1+0.021%$725K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0169%1h86,188+0.109%$77K$217K20xas long as short
BloFin BTC-USDT+0.0203%8h86,110+0.018%$415.5M$640.1M150xas long as short
Kalshi KXBTCPERP+0.0206%8h86,119+0.029%$10.4M$766.5M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,095.4+0.001%$14.5M—200xas long as short
Deribit BTC-PERPETUAL+0.0211%1h86,131.9+0.044%$902.8M$1.51B50xas long as short